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Fly News Breaks for October 10, 2018
IMAX
Oct 10, 2018 | 08:21 EDT
B. Riley FBR analyst Eric Wold believes Imax shares will benefit from the positive elimination of two major investor concerns, namely a lack of margin growth and China box office declines. He sees China per screens returning to growth just ahead of an "extremely" Imax- and China-friendly film slate in 2019. Further, without any new initiative margin headwinds, the company should return to 40%-plus EBITDA margins in 2019 for first time since 2010, Wold tells investors in a research note. He keeps a Buy rating on Imax with a $34 price target.